Tactile Systems Technology: Q1 Earnings Snapshot

MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Tactile Systems Technology Inc. (TCMD) on Monday reported a loss of $1.9 million in its first quarter.

On a per-share basis, the Minneapolis-based company said it had a loss of 9 cents. Losses, adjusted for non-recurring costs, were 3 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share.

The medical device maker posted revenue of $58.8 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $54.3 million.

Tactile Systems Technology expects full-year revenue in the range of $271 million to $275 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TCMD at https://www.zacks.com/ap/TCMD